TLE 6

1. Technology and
Livelihood
Education
ISAIAS T. ANDING
TLE Teacher

2. Entrepreneurship is the pursuit of opportunity
beyond resources controlled.
Entrepreneur is “a person who starts a business
and is willing to risk loss in order to make
money.”

3. What do you think are the qualities of a successful entrepreneur?

4. LET’S BE INFORMED
An entrepreneur is someone who is willing to put up
the capital needed to set up a business fully aware
of the risks involved. It is he or she who plans,
organizes, and manages the business, hires the
people to help run it, and ensures that the product
or service being offered is sold at a reasonable profit
in order to earn.

5. Qualities of an Ideal Entrepreneur
Industrious
Displays hard work and perseverance in the face of challenges;
utilizes skills to diligently carry out tasks or make goods.
Innovative
Has the ability to envision future needs or demands and create
new opportunities, products, and services to meet these
demands.
Honest
Does not engage in deceptive or fraudulent acts; displays
sincerity at all times.

6. Qualities of an Ideal Entrepreneur
Persistent
Does not easily give up or let go.
Caring
Understands the feelings, concerns, and needs not
only of his or her customers but also his or her workers.
Helpful
Is always available to provide assistance.

7. Qualities of an Ideal Entrepreneur
Faith in goodness and righteousness
Conducts business fairly and cultivates a culture of
righteousness
Organized yet flexible
Is able to adapt to any change yet remain logical and
organized
Confident
Feels or shows certainty, as of success.

8. Qualities of an Ideal Entrepreneur
Strategist
Is a careful planner; sets long term goals and plans and
executes a well thought of strategy in order to achieve them.
Prudent
Is never wasteful and always ensures that all resources are used
wisely and every bit of raw material does not go to waste
Determined
Is a go-getter and an achiever; acting on a dream, vision, and
plan, no matter how hard it may seem at first

9. Qualities of an Ideal Entrepreneur
Knowledgeable
Is well-trained and possess information and understanding of
concepts necessary to run a business venture
High quality philosophy
Strives for excellence and perfection to exceed customer
satisfaction
Risk-taker
Takes calculated risks and knows how to match opportunities with
market realities; takes on risks anticipating business profitability
and chances of success.

10. Buyers are:
 Persons or organizations who agree to purchase
the finished products or services presented with
the prescribed or correct features.
 Persons or organizations that purchase materials
from suppliers for products and services.
 Manufacturers who purchase raw materials
needed for production

11. Sellers are:
 Persons or group of persons who transfer goods
and services to the buyers in exchange for
money.
 Persons who offer things to buyers in return of
something which most of the time is money.
 Vendors creditors, dealers, merchants and
suppliers who dispose things in return for money.

12. Below are the duties of a seller:
 Make business fairly with buyers
 Deliver on time, with proper care and place of
delivery
 Provide warranty for the product sold to the
buyer.

16. What are your opinions and ideas about the pictures?
What does it offers? A Product or service?

17. What are your opinions and ideas about the pictures?
What does it offers? A Product or service?

18. What are your opinions and ideas about the pictures?
What does it offers? A Product or service?

19. What are your opinions and ideas about the pictures?
What does it offers? A Product or service?

20. What are your opinions and ideas about the pictures?
What does it offers? A Product or service?

21. What are your
opinions and ideas
about the pictures?
What does it offers? A
Product or service

22. A product is something that is manufactured following a process or grown and nurtured in
order to be sold for a profit.
Sellers could offer products in the school and the community based on existing needs and
demands.
Examples include the following:
1. Bottled water is one of the most in-demand products in school and community that can
provide a solution to a need.
Sells products based on needs and demands in school and community

23. 2. Used clothing and furniture commonly known as
garage sale business offers old products and sometimes
overruns sold at a lower price.
3. Street food such as fishballs, siomai, and assorted
kakanin can be sold the whole day and are offered at a
lower price.
4. Baked products such as pandesal, ensaymada, bread
loaf, cakes and other pastries are equally salable.
5. Assorted fruits such as bananas, green mangoes with
bagoong, sliced pineapple, and sliced watermelon are
appealing as well.
6. Different flavors of ice cream on a cart placed on a
cone, cup or bread are salable to children and adults

25. The profitability of the store is greatly affected by the
pricing of the product. There are several components of
a price, these are:
a. Cost – this refers to the part of the price that covers
the product. It is the amount paid for the merchandise.
b. Markup – this refers to the additional expenses
involved in selling the goods such as the transportation,
taxes and others.
c. Profit – this refers to the amount added to the item
cost.
How to compute the selling price?
1. Determine the markup percentage, then multiply this
with the cost of the product.
Computing the Price of the Product